More on Achieving a World-Class Supply Chain

Achieving supply chain superiority can be difficult without a better supply cost management system. If you’re unsure of the efficiency of your current arrangement, this might be something you want to reassess sooner rather than later.

You also want to be looking at large companies like Apple, Google and Dell and learn from them. These companies, not surprisingly, have world-class methodologies in place which you can model.

Developing relationships with suppliers is also fundamental. People are willing to go the extra mile for a friendly face, so keep your interactions positive and be easy to work with.

Next, take a look at what you want to outsource versus what you want to handle inside your organization.